Tex. Fin. Code § 184.402 · Subchapter E. LIABILITIES AND PLEDGE OF ASSETS
PLEDGE OF ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A state trust company may not pledge or create a lien on any of its assets except to secure:
(1) the repayment of money borrowed;
(2) trust deposits as specifically authorized or required by:
(A) Section 184.301;
(B) Title 9, Property Code; or
(C) rules adopted under this chapter; or
(3) deposits made by:
(A) the United States;
(B) a state, county, or municipality; or
(C) an agency of the United States or a state, county, or municipality.
(b) An act, deed, conveyance, pledge, or contract in violation of this section is void.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.184.htm
- Text hash
- sha256 823d6361ef13d1848b9ad6cd6ba722e87c3130047f7c862e2b17d3bca9f3f629
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.